If you’ve recently changed your address, and you are planning on applying for credit, there are a few things you’ll want to be aware of. Your change of address can actually have an influence on your credit check. In fact, if you’re not careful, your new address could keep you from getting the credit that you’re applying for.
This is what you should know about address changes and credit checks:
When Companies Run Credit Checks, They Will Check To See If The Address You Have Provided Matches The Address On Your Credit Report
When companies check your credit, they aren’t just going to look at your credit score. They will also try to confirm that you are the person that you are claiming to be.
If the address you have given a company doesn’t match the address that is listed on your credit report, companies might be concerned that someone else is applying for credit in your name. This could cause them to turn down your application for credit.
Identity theft is a major problem. Credit companies want to make sure that they aren’t approving someone else for credit in your name. Because of this, a new address that isn’t on your credit report could keep you from getting the credit that you’re applying for.
You Can Update Your Address On Your Credit Report
You don’t have to avoid applying for credit just because you’ve changed your address. You don’t have to wait around for credit bureaus to notice your new address. You should be able to change your address yourself.
Every year, you have the opportunity to view each of your three credit reports for free. When you check your credit reports, you can look for any inaccuracies. If your new address is not listed on your credit report, you should be able to correct that yourself.
If you’ve already used up your free credit reports for the year, you may want to pay for a credit monitoring service. The right service will allow you to view your credit reports at any time.
It’s Best To Update Your Address As Soon As Possible
You shouldn’t put off changing your address on your credit report. Sometimes, this information won’t be added to your credit report immediately. Acting quickly will ensure that you won’t have any issues when you apply for credit.
You should take the time to update your report even if you aren’t preparing to apply for credit. It’s always helpful to have accurate information on your credit report. The sooner you fix your report, the better. Act now so that your credit reports will be correct.
A change of address won’t necessarily keep you from getting the credit that you are applying for. As long as you take the time to update your credit report, you should be able to avoid any potential problems. Now that you’re aware of the ways your address can impact a credit check, you can make sure your new address won’t cause any problems for you. Get to know more at https://www.us-mailing-change-of-address.com